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Chinese banks cut back on asset-backed bonds

Their wariness contrasts with mounting support for ABS among regulators

Hong Kong

JUST as Premier Li Keqiang steps up efforts to revive China's loan-backed bond market to spur the economy, banks are baulking.

Chinese lenders have cut offerings of asset-backed securities (ABS) 45 per cent to 43.4 billion yuan (S$9.6 billion) this year, after a 15-fold